The objective of this work demonstrated that business
administration and management could develop business administration graduates
to become small entrepreneurship after graduating although government previous
perception of business administration and management was low, it now reawaked
interest in graduating self reliance after graduation is in tandem with NEEDS,
SEEDS and LEEDS policies. The work however
enumerates some source of finance for a small scale business namely, private
savings, friends and relations. Local loan houses, the qualities of a
successful entrepreneur initiatives, organizing ability and steadfastness,
viable business opportunities for business graduates and the problems they have
such as inadequate financing, inability to cope with technological changes and
poor management skills it therefore, recommended that government should assist
business graduates, inadequate entrepreneur with micro credit facilities
publicizes viable business opportunities and train them. This research work
deals with the relevance and analysis of business administration graduates to
the economic development of Nigeria Using Institute Of Management and
Technology *IMT( Enugu State as its case study. The study aimed of knowing what
roles business administration and management graduates can play in ensuring
adequate economic development of Nigeria. The study was systematically
structured into five chapters, chapter one deals with the introduction of the
work, background of the study and son on. While chapter two deals extensively
with the review of related literature. Chapter three made an exposition of the
research methodology adopted in the study. Chapter four presented and also
analyzed the result with the use of table and simple percentage analysis where
as chapter five which is the last chapter of the study summarized, concludes as
well as recommendation of the study. The research work was confirmed to the
institute of management and technology (IMT) Enugu State.
1.1 Background of the
1.2 Statement of the
1.3 Purpose of the
1.5 Significance of the
1.6 Scope of the
1.7 Limitation of
1.8 Definition of
REVIEW OF RELATED LITERATURE
2.1 The Concept of Business
2.2 Objective of Business
2.3 The relevance of business administration
Graduates to National Economic Transformation
2.4 Viable business Opportunities for Prospective
2.5 An Entrepreneur
2.6 Business education
2.7 Problems Facing Business Graduates in
2.8 Sources of Finance for Business
2.9 Issues with Traditional Development
3.2 Area of the
3.3 Population of the Study
3.4 Sample and Sampling
3.5 Instrument for Data
3.6 Validity of the
3.7 Method of Data
3.8 Method of Data
Distribution and Retrieval
4.3 Discussion of
5.1 Summary of the
It is pertinent to note that business administration is the
process of managing every aspect of a business in order for it to maintain its
growth or stability. Depending on the overall goal of the owner or owners.
Business administration provides practical knowledge, skill and techniques for
its graduates at all levels of training. According to the Nigeria National
policy on education (1981:12), business subjects at the secondary school level
includes, accounts, commerce, business methods, shorthand and type writing. At
the tertiary educational level it involves accounting, financial management,
marketing, (distributive education), secretarial studies (or office education)
to mention just a few of them.
Graduates of business
administration are expected to be relevant in business and add value to the
economic development of Nigeria they are expected to be self reliant through
job creation after graduation especially now that the federal government has
initiated various economic reform programs, namely, Needs, Seeds, and Leeds at
all levels of government ( federal, state and local) tit run the economy away
from a dual public sector to that of an active private sector driven by the
forces of supply and demand.
Previous negative publication and government perception about
business education had vernment position. Is that functional education is the
panacea to a virile economy.
It is therefore, the contention of this work that given the proper
direction and encouragement by the government, business graduates can turn the
Nigeria economy around to reflect the new government economics dreaming and
visions encapsulated in NEEDS, SEEDS and LEEDS, by investing substantially in
small scale industry (SSI), provision of employment opportunities to the
unemployed youths and training them to become self-reliance, providing
essential service to the public and assisting the government on proper
formulation on functional business education. This study will therefore look at
the various ways by which business administration graduates can add value to
the economic development of Nigeria.
1.1 BACKGROUND OF THE STUDY
In the year 1873, (IMT)
Institute of Management and Technology was established by the ministry of
education of the state. This institution is indeed a brain work of the ministry
of education who then saw the need for the institution to exist in order to
ensure that the children of the state must acquire basic education to the
graduate level. The process that led to the establishment of this institution
was very rigorous mainly due to its complication as there was some internal
factors that served as an impediment towards the establishment of the school.
The problem ranging from political crises, ideological diversity, economic
problems among others which would have prevented the realization of this
institution by the house of Assembly and the Ministry of education having seen
the need for education of their children agreed in 1972 that the proceeding
year shall witness that birth of the institution and for now come to pass at
the designated year 1973.
The institute of
management and technology Enugu is consisted of many departments ranging from,
business administration, public administration, marketing department, mass
communication department, department of accountancy, electrical engineering,
agric engineering among many others.
The Institution is also
hierarchically structured for effective execution of its goals and objectives.
The head of the Institution is the Rector followed by the Deputy Rector,
registrar, Deputy Registrar, Bursar, Chief Security, senate, Heads of
department and Lecturers among many others who work interrelated to achieve the
goals of the institution.
The school was formally
situated at Abakiliki road Enugu state but has moved to the permanent site at
Independence Layout Enugu to continue its assignment.
The school has recorded
several success which has boasted the image of the institution. But recently,
the institution experienced some set back over managerial incompetence which
the students revolted during in leadership of Prof. Edwin Onyenege. But a new
management crew has emerged to pilot the affairs of the institution under the
leadership of Mike Iruege and the peace of the institution is seriously working
hard to attain its pre-determined goals and objectives.
1.2 STATEMENT OF THE PROBLEM
In spite of the
numerous courses undertaken by the business administration graduates and the
knowledge they acquire from it, yet they display low level of business acumen
in the business world. Obviously, business administration graduates are
expected to be self reliance through job creation after graduation to turn the
economy away from a docile public sector to that at an active private sector
driven by the forces of supply and demand realized. They have mainly expected
government to provide jobs for them.
Other factors that
serve as problem are lack of adequate funds to start up a business, poor
economic environment poor attitude at business graduates towards business
operation, lack of motivation by government. Again the monotonous nature of
Nigeria business environments another factor wehich tends to dissuade world,
but making business environment predominantly for non graduates to operate
1.3 PURPOSE OF THE STUDY
The purposes of the study are:
primary purpose of this study is to examine the relevance of business
administration graduates to the economic development of Nigeria
know how business administration graduates can turn the economy around in order
to ensure economic development
out the principle guiding business graduates and economic development of a
evaluate the importance of business administration scholars in Nigeria.
asses and evaluate why people should study business administration and
know the relationship between business administration students and economic
1.4 RESEARCH QUESTION
research seeks to know the various research question put forward.
business administration graduates add importance to the economic development of
a business administration graduate competent enough to develop the economy of
do business administration graduates operate in the business world?
the special areas where business administration graduates can operate in
government given the necessary support for business administration graduates to
succeed in business world?
1.5 SIGNIFICANCE OF THE STUDY
a. it will increase and expand the knowledge of
prospective student of business administration on economic development.
b. it will proffer solution thereby helping to
solve problems arising from business operation as well economic development of
c. it will definitely serve as a
reference point of criticism for further research.
d. it will suggest and also proffer solution
which will moderate and regulate business operation and economic development of
1.6 SCOPE OF THE STUDY
The study was
concentrated on the relevance and analysis of business administration graduates
to the economic development of Nigeria. The study will also go further to deal
with the concept of business administration objectives of business
administration, viable business opportunities for prospective graduates, sources
of finance for business administration graduates, problems of business
administration graduates to wards realizing the economic development of Nigeria
among many other areas that will be treated.
1.8 DEFINITION OF TERMS
section seeks to know the key terms used in the study.
this is defined as any undertaking in which one involves in order to ear a
b. Graduate: this
is defined as a person who has passed through university or polytechnic or any
other higher institution of learning and has been approved by the institution
of being learned in a particular field of study
c. Business: this
is defined as any undertaking in which one involves in order to earn
d. Business Administration: consist of the performance or management
of business operations and thus the making or implementing of major decision.
e. Administration: This is defined as the universal process
of organizing people and resources efficiently so as to direct activities
towards common goal and objectives.
f. Economic Development: this occurs when there are quantitative and
qualitative improvement in all or almost all sector of an economy and which can
g. Development: Goulet (1998) is a normative experience. It
involves for those who propose it as for those to whom it is proposed, central
value choices about the meeting of life (p. 301).
TERMS AND CONDITIONS APPLY
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